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The settlement imposes an computerized In general one% cut to paying applications if Congress fails to approve its annual paying payments — a measure meant to tension lawmakers of both functions to reach consensus ahead of the close with the fiscal calendar year in September.
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It absolutely was a decidedly lower-critical denouement to the monthslong drama that unnerved financial markets at your home and abroad and triggered nervous retirees and social support companies to generate contingency ideas in the event the country was struggling to pay back all its bills.
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